Insider Buying: Whitecap Resources (TSE:WCP) Director Acquires C$81,500.00 in Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim acquired 5,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average price of C$16.30 per share, with a total value of C$81,500.00. Following the completion of the transaction, the director owned 3,287,599 shares of the company’s stock, valued at approximately C$53,587,863.70. This trade represents a 0.15% increase in their ownership of the stock.

Grant Bradley Fagerheim also recently made the following trade(s):

• On Friday, April 17th, Grant Bradley Fagerheim sold 600 shares of Whitecap Resources stock. The stock was sold at an average price of C$13.66, for a total value of C$8,196.00.
• On Friday, April 17th, Grant Bradley Fagerheim sold 5,000 shares of Whitecap Resources stock. The stock was sold at an average price of C$13.76, for a total value of C$68,800.00.
• On Friday, April 17th, Grant Bradley Fagerheim sold 500 shares of Whitecap Resources stock. The stock was sold at an average price of C$13.66, for a total value of C$6,830.00.

Whitecap Resources Price Performance

Shares of WCP stock opened at C$16.34 on Monday. The stock has a 50-day moving average price of C$15.75 and a 200 day moving average price of C$13.74. The company has a quick ratio of 0.67, a current ratio of 0.54 and a debt-to-equity ratio of 33.01. The firm has a market cap of C$19.86 billion, a price-to-earnings ratio of 22.38, a PEG ratio of -0.33 and a beta of 0.14. Whitecap Resources Inc. has a 12 month low of C$8.88 and a 12 month high of C$17.34.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$0.02 EPS for the quarter. Whitecap Resources had a return on equity of 7.70% and a net margin of 13.32%.The firm had revenue of C$1.84 billion during the quarter. Research analysts expect that Whitecap Resources Inc. will post 1.1226131 EPS for the current year.

Whitecap Resources Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were given a $0.0608 dividend. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Thursday, April 30th. Whitecap Resources’s dividend payout ratio (DPR) is currently 99.95%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WCP shares. TD raised their price target on Whitecap Resources from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. BMO Capital Markets raised their price target on Whitecap Resources from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. TD Securities raised their price target on Whitecap Resources from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Canaccord Genuity Group raised their price target on Whitecap Resources from C$14.00 to C$15.50 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Finally, Scotia raised their price target on Whitecap Resources from C$17.00 to C$19.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$17.00.

About Whitecap Resources

Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.